You need to know your market, occupancy and competitive rent rates, renter expectations, your goals, risk tolerance, temperament, and your resources.You need to know your local tax rates, state/local landlord rules, housing authorities, insurance sources, financing options, occupancy and employment trends.There are crazy tenants but effective management can minimize the risks.Good luck.

If they want to give you a check for the new deposit, wait until it clears before you pay out the old deposit.

They like that you can show a track record as that minimizes the risk from the bank perspective.

I always seem to get "man seeking goat" responses...er..wait...maybe that was another ad I posted...

I can't wait to get home to improve on my business even more.

Kyle,You've got the idea - get in with minimal damage and re-key or replace locks.

I'm just assigning contracts as of right now and then eventually want to buy properties so is it better if I start the LLC now or wait till I buy properties?

The counties want their money and they don't want to have to wait and hold a tax lien certificate sale to get their revenues.So by setting the rules where most lien holders are behind tax liens, they force mortgage holders to have a vested interest in the taxes being paid each year.As a former FDIC Liquidation Analyst (back in 1984) I handled loans that the FDIC was stuck with from failed banks.

Shawn, I am with you and can not wait for the responses on your post.

If not, will you just hang out there when one leaves while you're waiting to get them next tenant?